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Financial Technologies and Rolfe & Nolan target Australian equity market

12 November 2002  |  3235 views  |  0 Financial Technologies and Rolfe & Nolan target Australian equity market

India's Financial Technologies (FTIL) is to team with London-based back office vendor Rolfe & Nolan to market its consolidated trading and settlement systems to the Australian equity market.

Under the agreement, Rolfe & Nolan will provide local marketing, sales and support for FTIL's Open Dealer Integrated Network (ODIN) and Members Accounting and Trade Confirmation House (Match).

Odin is a front-office trading system for cash and derivatives and includes includes integrated order routing and management, a broadcast engine, quote displays, market depth and pre-trade risk management.

Match is an integrated back-office settlement and accounting system for futures and options which includes a Chess interface that allows real-time messaging, consolidated client statements, an integrated and GL accounting module.

Sajit Dayanandan, technical director, Financial Technologies (India) says: "This initiative consolidates equities and derivatives processing onto one scaleable platform, eliminating the cost of maintaining two separate systems."


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